Patrick Drahi, a billionaire, is currently engaged in a strategic standoff with creditors of Altice France over the company's substantial debt, amounting to €24 billion. This situation has significantly impacted Europe's credit markets, prompting both parties to strategize their next moves. Additionally, there are updates on Puerto Rico’s Prepa, defaults in the media industry, and developments with Swedish real estate firm SBB.

  Welcome to The Brink. It’s Irene Garcia Perez in New York, I’ve been looking at Altice France and creditors prepare for a fight over the company’s debt. We also have news on Puerto Rico’s Prepa, defaults in the media industry and Swedish real estate firm SBB. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @irenegperez.It’s been almost three months since Altice France caused an earthquake in Europe’s credit markets as it warned its €24 billion of debt holders to prepare for haircuts. 

Patrick Drahi in Strategic Standoff with Altice France Creditors Over €24 Billion Debt